HomeMy WebLinkAbout~Master - Approving Purchase Agreement with Iowa Natural Heritage Foundation Land Acquisition for Drinking Water Source Protection RESOLUTION NO. 24-092
RESOLUTION APPROVING PURCHASE AGREEMENT WITH
IOWA NATURAL HERITAGE FOUNDATION
FOR LAND ACQUISITION FOR DRINKING WATER SOURCE PROTECTION
FOR THE CITY OF AMES, IOWA
WHEREAS, on September 12,2023,the City Council approved a conceptual plan, subject
to negotiation of acceptable terms and conditions, to acquire a parcel referred to as the C. G. Lee
property. The concept was for the property to be acquired in partnership with the Iowa Natural
Heritage Foundation (INHF). This land acquisition is for a combination of drinking water source
protection and nutrient reduction credit; and,
WHEREAS, the City's acquisition price is the amount paid by the INHF (42 acres at
$12,000 per acre, or $508,200) minus a private donation received by the INHF of$8,200, for a
final selling price of$500,000. The City will expend $425,000 from the Water Fund and $75,000
from the Sewer Fund, with donations reducing the net amount from the Water Fund to $390,000;
and,
WHEREAS, City staff does not anticipate the future construction of drinking water wells
on this property but has reserved the right to do so at the City's sole discretion within the deed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Purchase Agreement with the Iowa Natural Heritage Foundation for Land Acquisition for
Drinking Water Source Protection is hereby approved.
ADOPTED THIS 27th day of February, 2024.
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Renee kall, City Clerk John A. Haila, Mayor
Introduced by: Corrieri
Seconded by: Rollins
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 27th day of February, 2024.